Reported 8 months ago
Foreign tourists traveling in Japan were thrilled to hear about the depreciation of the Japanese yen on June 25, 2024. With the US dollar nearing 160 yen and the exchange rate with the Taiwanese dollar hitting around 0.206, many visitors found Japan more affordable and appealing for travel. However, this depreciation led to price adjustments in businesses with some introducing dual pricing for locals and foreign visitors, causing mixed reactions among tourists. Kyoto restaurants, facing higher costs for serving foreigners, struggled with implementing dual pricing strategies. Some cultural sites also considered dual pricing to cater to foreign tourists, raising concerns about fairness and potential impacts on tourism to Japan.
Source: YAHOO